Jindalee & Mt Ommaney PROPERTY REPORT
MICHAEL DEVLIN 0408 44 99 20
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welcome to my latest
JINDALEE & MT OMMANEY PROPERTY REPORT Welcome to my latest Jindalee and Mt Ommaney property report that takes into account all confirmed sales that took place during the first quarter of 2015 and a view to what is happening in our real estate market at the moment.
the total estimated value of Australian residential property is $5.7trillion. Which is more than double the value of all listed stocks on the ASX and all of our superannuation put together.
over the past few months Brisbane is still tipped to be the stand-out performer for 2015.
But what does all of this mean for you? If you are contemplating a move and would like a more thorough Clearly we love our property report on your property, Widely discussed, with equal here in Australia and locally please contact my team parts fact and opinion, at the activity is no different. and I as we would be glad to the moment is the state Buyers are making fast of the national economy. decisions and with the help. With the heat coming off current supply side of the the mining sector many market still in short supply I hope you enjoy the read. key economists hold much and therefore tight, price hope that the strength growth has remained Michael Devlin and confidence in the positive, albeit modest, for Brisbane Real Estate residential property market the past twelve months. will continue to keep the 0408 44 99 20 economy on track. Although sales transaction michael@brisbanerealestate.com.au levels have flattened out Thanks to a significant pipeline of large projects coming through, in addition I am proud and excited to offer you this market snapshot to low interest rates and very strong demand from every quarter. During my time in real estate I have both domestic and overseas come to appreciate the difference quality information buyers the residential property market remains in combination with quality advice can make to a Australia’s number one asset class as well as it best clients move. As such, I hope that you can appreciate performer at the moment. this information as much as some of my clients have To give you some scope when they were making their decision to sell or to buy. on the size of our market
recent sales activity for
JINDALEE & MT OMMANEY The below table and the following page showcase recent sales activity for confirmed residential property sales in St Lucia that were recorded during October, November and December 2014.
JINDALEE
MT OMMANEY
HOW many properties SOLD during the period?
10
5
HOW many properties are CURRENTLY on the market?
54
34
WHAT was the MEDIAN price paid during the period?
$473,500
$605,000
WHAT was the highest SOLD price during the quarter?
$625,000
$785,000
WHAT was the lowest SOLD price during the period?
$385,000
$560,000
HOW much was the VALUE of all SOLD properties during the period?
$4.98million
$3.29million
Yallambee Road
Abel Smith Circuit
WHICH street saw the MOST sales during the period?
Jindalee Sales Per Annum
Mt Ommaney Sales Per Annum
2011
2011
2012
2012
2013
2013
2014
2014
2015
2015 Approx 20 x transactions =
Home ownership levels across Jindalee and Mount Ommaney show that just over 83% of households own outright or have a mortgage on their homes. The balance of the marketplace is mostly rented and with an average of 2.8 residents per dwelling.
The battle of the sexes is very even across Jindalee and Mount Ommaney with the balance ever so slightly in favour of females with 51.5% of the total population. Just over 52% of residents were born in Australia with England (4.5%) and New Zealand (3.89%) at number 2 & 3 respectively.
Approx 10 x transactions = We are a busy area of professionals with a 21.5% of residents having at least one tertiary qualification. A diverse and well educated suburb 21.2% of households speak more than one language at home. Other than English, Mandarin is the second most spoken language.
The median weekly income per household is $2,530 for families without children and $2,837 for those with children. With a large number of houses in the area it is not surprising to learn that most residential properties have three or more bedrooms.
recent sales activity for
JINDALEE & MT OMMANEY Jindalee
Jindalee
Jindalee
Jindalee
Jindalee
Jindalee
Jindalee
Jindalee
94 Yallambee Road $385,000 607m2 3 1 1
15 Curragundi Road $445,000 582m2 0 0 0
47 Yallambee Road $473,500 713m2 3 1 2
4 Jirrah Street $515,000 723m2 4 2
1
57 Curragundi Road $415,000 574m2 3 1 0
10 Umina Street $455,500 612m2 3 1 2
29 Pantheon Street $515,000 607m2 3 1 2
17 Minyara Street $542,500 602m2 4 2 2
Jindalee
Jindalee
Mount Ommaney
Mount Ommaney
Mount Ommaney
Mount Ommaney
9 Mukine Street $555,000 648m2 4 2 2
9/15 Abel Smith Crescent $560,000 541m2 4 3 2
29 Mozart Place $605,000 728m2 3 1 2
9 Balanda Street $625,000 612m2 4 3 2
52/158 Dandenong Road $600,000 0m2 3 2 2
1 Hume Court $748,000 1361m2 4 3
2
Mount Ommaney 8 Wills Court $785,000 1047m2 5 3
2
About this marketplace report. In compiling this report the author has relied upon information supplied by a number of external sources including CoreLogic RPdata. The publication is supplied on the basis that whilst every care has been taken in the preparation, no representation has been made and no responsibility is accepted for the accuracy of the whole or any part of the publication by the author. The transactions reported are for settled transactions reported during the period and some properties have been excluded on the basis that the information could not be verified to the authors satisfaction. Prepared for Michael Devlin & Team by
Lifestyle key to client success
MICHAEL DEVLIN
A true professional, Michael Devlin is characterised by his energetic and disciplined approach to ensuring a successful outcome for every property he handles.
freedom to provide tailored advice to clients buying or selling properties. Being able to execute effective marketing campaigns and providing honest, frank advice about current market trends gives
Michael is the former owner of a successful business based in the Western Michael a clear edge suburbs. His experience and when it comes to achieving understanding of consumer outstanding sales results. behaviours allows him the
Michael truly enjoys the competitive nature of real estate and has an innate ability to maximise the value of his clients’ most precious asset, a skilled negotiator and has the ability to exceed his clients’ expectations due to his strong work ethic and determined nature.
a real perspective:
CLIENT FEEDBACK
A real estate transation is a big deal and I am privileged to have been able to assist some truly great people make amazing moves. It is particularly rewarding when they tell everyone else about how good their experience was...
“We can’t recommend Michael’s style and professionalism highly enough to anyone considering choosing an agent.” We met Michael by chance at an open home for a house which we were unable to purchase due to timing. To my surprise, Michael contacted me to discuss what our exact requirements were and also made some great suggestions into the area where we were searching for the right property. Michael was both patient and thorough. He showed us those properties that met our criteria, and was patient enough to spend the time it took for me to feel comfortable making a buying decision. We really appreciated the fact that he wasn't pushy and didn't waste time trying to sell us a property which would not have met our needs and was proactive in seeking out properties which could be suitable for us. By taking into consideration what our requirements were Michael was able to show us a property, which although had been on the market for several months with another agent, was newly listed with Michael and resulted in him selling to us on the same day!
Michael remained focused on what our requirements were while negotiating with the vendor swiftly and reasonably, bringing to the table a deal which all parties were happy with in an incredibly short amount of time. Michael handled everything efficiently and professionally, which was a great relief to us while we were at the same time preparing and arranging to lease our house out and both working full time. He also went above & beyond by being available to be at the property on multiple occasions and ensure that measurements for window coverings could be completed prior to settlement thus ensuring that orders for these could be placed as early as possible. Michael was always available to us for questions on the weekend, during the evenings on the phone and via email which was invaluable to us at the time while still maintaining his patience and good humour throughout the entire process. We can't recommend Michael's style and professionalism highly enough to anyone considering choosing an agent. Paul & Cathy G.
Michael Devlin
0408 44 99 20 michael@brisbanerealestate.com.au JINDALEE · MT OMMANEY
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